Chief Financial Officer

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Job Title : Chief Financial Officer
NORMALIZED JOB TITLE* : Chief Financial Officer
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Category : accounting_finance,arts_entertainment_media
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ADID :
Job ID : 134035091
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Job Source : direct_employer
Job Summary : Ballinger | Leafblad is pleased to conduct the search for Chief Financial Officer at the Minneapolis Institute of Art.ORGANIZATIONAL OVERVIEWA cultural highlight of...
Work Status : full_time
Work Shift : 1st_shift
Work Type : employee
Work From Home : 0
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Posting Date : 2023-03-01T00:00:00Z
Modified Date : 2023-03-01T17:00:00Z
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Posting Company ID : 0
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Assigned Category : accounting_finance,arts_entertainment_media

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Job SPECIFICATIONS

ESSENTIAL RESPONSIBIILTIES

Strategic Leadership

Serves as a strategic thought partner to the Director and President by providing data, counsel, leadership with respect to aligning Mia's financial, business and operational strategies to the future performance of the organization.
Actively participates as a collaborative and solutions-oriented member of the Senior Leadership Team, modeling Mia's values and contributing to the development of Mia's culture of trust, transparency, clarity, and open communication at all levels.
Translates organizational strategies into clear, aligned, and practical goals, objectives, and action plans; effectively communicates across all levels of the organization; tracks key performance indicators and fosters accountability for performance.
Catalyzes change across the organization by building effective relationships with peers and staff, demonstrating transparency, and fostering a data-driven, time-sensitive approach to decision-making and rigorous accountability measures.
Serves as the liaison to Mia's Board of Trustees for the Finance, Investment, and Audit and Compliance Committees. Attends other key Board and Board Committee meetings as requested. Leads and/or participates in governance activities.
Implements and oversees systems of business planning, financial reporting and control to ensure financial capital is available to accomplish business goals. Conducts prospective financial modeling and proforma analyses of potential revenue opportunities.
Champions the museum’s commitment to diversity, equity, accessibility, inclusion, and belonging and promotes workplace culture values.
Facilitates dialogue across functions and divisions to increase knowledge and understanding of the museum's financial performance and the factors that impact it.
Represents Mia to outside agencies, vendors, customers, and other external stakeholders to maintain effective and positive working relationships and image.

Financial Leadership

Collaborates with cross-functional leadership to identify and prioritize business and information needs.
Develops and executes the museum’s financial strategy in partnership with Division Heads, the Director & President, and the Board of Trustees, ensuring financial practices and policies support the museum's mission, align with its values, and support its long-term financial stability. Leads the process for making major capital spending decisions.
Oversees a transparent, efficient, and accessible approach to budgeting for capital and operating funds that fosters knowledge and accountability throughout the organization.
Ensures internal and external stakeholders have access to timely, accurate financial information. Provides analysis, balances risks and optimizes strengths to support effective and mission-aligned decision making of the museum's leadership team and Board of Trustees.
Supports the museum-wide comprehensive planning process by instilling a disciplined approach to evaluating the current feasibility and future sustainability of capital expenditures within the context of fundraising capacity, operating costs, and revenue projections.
Oversees the organization's Balance Sheet, treasury management, annual audit, tax compliance reporting requirements, banking relationships, and investor relations.
Oversees the activity and development of finance staff including hiring, training, mentoring, engagement, and evaluation.
Oversees the planning and execution of major projects within the division, ensuring effective outcomes for internal stakeholders.
Supports the development of strategies, objectives, metrics, and goals that optimize and leverage the museum's data capabilities, technology, systems and practices. Identifies and champions process improvement opportunities.
Supports the analysis and interpretation of audience data, research and trends alongside the museum's key financial performance indicators, to identify insights and opportunities, project revenue, and inform decision-making.
Advocates and builds capacity in the organization to define and implement effective data collection strategies that are integrated across divisions to support an enterprise-wide culture of decision making that is data-driven.

REQUIRED AND PREFERRED QUALIFICATIONS

B.S. or B.A. degree in Accounting or Finance is required. Master's degree, MBA and/or CPA is preferred.
A minimum of 10 years of progressive financial experience within a complex nonprofit entity is required, with a minimum of 3 years in an enterprise leadership role (Controller, CFO, etc.) Experience in a union environment is a plus.
Expertise in nonprofit accounting, finance, governance, operations and management of endowments is required.
Experience developing and implementing data-driven financial plans in support of an organizational strategic plan, including revenue and cash flow projections, capital plans, and accompanying metrics, is required.
Outstanding communication skills are required, with the ability to effectively convey complex financial concepts and information to a wide range of audiences with varying degrees of financial knowledge and interest levels.
An approachable, authentic, and collaborative leadership style is required, with the ability to build and maintain relationships with staff, museum leaders, Board Trustees, donors, community leaders, vendors, elected officials, and other external stakeholders.
A servant leadership approach, with a proven track record of developing high performing teams, optimizing talent, and catalyzing behaviors that support streamlined workflow, systems and processes throughout an organization, is required.
Other requirements: high EQ, high cultural competency, strong personal alignment with the museum's DEAI values, with an approach that is inherently collaborative and effective at galvanizing change.
Required technical proficiencies: Microsoft Suite; Advanced Excel; cloud-based software; accounting and financial reporting systems (Netsuite strongly preferred.) Familiarity with CRM databases is preferred. Salesforce knowledge is a plus.
Inquisitiveness and interest in the museum's work is a minimum requirement; passion for the mission is a plus. (Museum and/or art experience is not required.)

CHARACTERISTICS OF LEADERSHIP AT MIA

Alignment Leadership

Focus the work of Mia around its mission as an art museum, and the vision and strategic plan that support and animate that mission.
Model and achieve long-term financial stability.
Intertwine Mia’s art-focused mission with DEAI commitment.

Caring Leadership

Create a culture of mentorship.
Foster a culture of respect, inclusion, and belonging across the institution.

Audience Engagement Leadership

Increase engagement with different groups of stakeholders, including under-served and under-represented communities, at Mia to ensure a sustainable future.
Enhance audience learning and curiosity about art from different time periods and cultures.
Explore innovative programmatic and delivery methods.

Critical Thinking Leadership

Support scholarship, investigation, and inquiry as a core element of Mia’s culture and output.
Investigate and plan to implement innovative organizational strategies to maximize efficiency and satisfaction among both staff, audiences, and communities of stakeholders.
Demonstrate thought leadership with regular and widely available communications to staff, board, and wider audiences.

Entrepreneurial Leadership

Be alert to opportunities for Mia and Mia’s future (both institutional and operational.)
Focus on mission-driven fundraising.
Identify and execute opportunities for operational improvement and excellence.

Be a collaborative and principled colleague

Be results driven, as well as generous, agile, emotionally intelligent, and full of positive energy.
Be timely and on time.
Be trustworthy and respectful.

COMPENSATION AND BENEFITS
The compensation for this position is $210,000 plus participation in Mia's comprehensive benefits plan that includes the following options: health insurance, dental insurance, short and long-term disability insurance, 403b retirement plan with a 5% employer contribution after 2 years, company and voluntary life insurance, and paid time off.

APPLICATION PROCESS
Ballinger | Leafblad is partnering with Mia on this search. Please contact Jen Hanlon Ash (jen@ballingerleafblad.com) with any questions. To apply, email a resume and cover letter to jen@ballingerleafblad.com. Tell us why you're interested in this opportunity and what makes your candidacy particularly strong. All inquiries will remain confidential.

Job Summary

Ballinger | Leafblad is pleased to conduct the search for Chief Financial Officer at the Minneapolis Institute of Art.

ORGANIZATIONAL OVERVIEW
A cultural highlight of the Twin Cities, the Minneapolis Institute of Art (Mia) is internationally renowned as one of the great encyclopedic fine art museums. The museum houses a world-class collection of more than 100,000 works of art, representing artistic traditions spanning more than 5,000 years. The collection includes world-famous works that embody the highest levels of artistic achievement, representing the world’s diverse cultures across six continents. The museum has five curatorial areas: Department of Asian Art; Department of Global African Art; Department of European Art; Department of the Art of the Americas; and Department of Global Contemporary Art.

With its free admissions policy, Mia is an invaluable resource to its audiences, welcoming visitors of all ages each year to enjoy the wonder and beauty of art. With a strong commitment to outreach and education, Mia complements its collection and exhibitions with a wide array of public programs, classes, lectures, and special events. Through the museum's comprehensive school services program, educators and community volunteers annually bring art into the lives of more than 150,000 Minnesota students, through both classroom and museum visits.

WORKPLACE CULTURE
The Minneapolis Institute of Art is an audience-centered, equitable and inclusive workplace where everyone is welcome. Mia values the characteristics of Mission Driven, Generous, Agile, Emotionally Aware, and Positive, and endeavors to create a workplace culture where staff are responsible to one another, to its visitors, and to themselves to do the best work possible.

A strong organizational culture is vital to Mia’s institutional identity and future as an effective, safe, equitable, and rewarding place to work. Mia will challenge staff to grow, inspire them to learn, and equip them with opportunities to lead.

Framework for Diversity, Equity, Accessibility and Inclusion

Mia is committed to championing policies and practices that value diversity, foster equity, and empower an accessible and inclusive environment. The institution believes that strength lies in the diversity among the broad range of people who contribute their time and talents to Mia. Inclusion and accessibility are drivers of institutional excellence and staff members seek out diversity of participation, thought, and action. It is the aim, therefore, that employees, trustees, interns, and volunteers reflect and embrace these core values.

MISSION
Mia enriches the community by collecting, preserving, and making accessible outstanding works of art from the world's diverse cultures.

VISION
Inspiring Wonder through the Power of Art

VALUES
Mission Driven
Generous
Agile
Emotionally Aware
Positive

STRATEGIC PLAN
Embracing Uncertainty: Adapting to Change through the Power of Art Launched in 2022, Mia’s current strategic plan follows a period of disruption and change initiated by the global pandemic. Addressing the need to rebuild communities in Minneapolis and the surrounding region, Mia endeavors to reignite enthusiasm for the arts, which serve as a catalyst for healing, discovery, and reflection.

In the wake of the pandemic's devastating effects on public life, Mia's strategic plan centers on re-building attendance, which remains at about half of its pre-pandemic high. Growing attendance is not just a visible demonstration of Mia's impact and success in connecting with audiences. It’s also an economic imperative, supporting the diversification of revenue sources and solidifying support across the community - including public funding.

Mia sees this plan as a new opportunity to think boldly about how to reengage its audience, and to serve them in a way that earns their loyalty and ensures their future support. Mia's objectives in examining, understanding, reclaiming and growing its audience within the framing of this strategic plan are expressed through three aspirational goals:

- Inclusion
- Excellence
- Sustainability

Reframing the Future
A major Comprehensive Plan is currently in development to address the physical needs of Mia's historic building and campus. Initiated in 2018, the initial assessment and plan was necessarily placed on hold during the pandemic. In 2022, Mia partnered with HGA architects to update the findings, and the new Comprehensive Plan incorporates a more expansive view of Mia's role in the community and its impact on the environment.

POSITION PROFILE
CHIEF FINANCIAL OFFICER (CFO)
The C. Curtis Dunnavan Chief Financial Officer (CFO) is an endowed position responsible for developing and directing the financial strategies and operations for the museum's $38M annual operating budget, $270M endowment, and all operating and nonoperating funds. The CFO is responsible for risk management and compliance, and oversees the audit, budgets, investments, insurance and legal matters. This is a new position at Mia in the sense that it was formerly combined as a CFO/COO position held by one leader. These roles are now separate and both report to the museum's Director and President.

The ideal candidate will have nonprofit finance and accounting expertise, and experience with a wide range of revenue and funding sources including capital campaigns, public funding, major gifts and endowments. The CFO will be a trusted thought partner to the museum's Director and President, a collaborative member of the Senior Leadership Team, and a key liaison to the Board of Trustees and several of its committees. Candidates should have previous experience supporting board committee(s) and providing financial information, in clear and effective terms, that ensure the board is well-informed of the organization's current and projected financial performance. In addition, the CFO will lead ongoing board-level conversations discussing Mia's financial opportunities, challenges, risks, and long-term plans.

Mia seeks a strategic CFO who is energized by the opportunity to bring new information to the organization through reporting, forecasting, trend analysis, and financial planning that draws connections between audience data and financial outcomes. With oversight of the Data Strategy and Insights team, the CFO leverages data analytics to inform business decisions and revenue projections. By partnering with cross-functional leaders to identify and prioritize business information needs, the CFO plays a key role in driving Mia's future performance and advancing its mission.

The CFO will ensure the enterprise finance division is capably staffed and delivers best-in-class services to its internal customers. They will be a "people person" in terms of both management and communication style, with the ability to build a high-performing team, break down silos, and catalyze behaviors that foster innovation, transparency, and engagement across the organization. The CFO models Mia's cultural values, builds strong relationships at all levels, and facilitates efficient financial processes across the organization.

MANAGEMENT RESPONSIBILITIES
The CFO is a member of the Senior Leadership Team and leads a team of nine:

Controller
Accounting Manager with two FTEs (A/R and A/P Clerks)
Senior Accountant
Head of Budgeting with one FTE (Financial Analyst/open)
Head of Data Strategy and Insights with one FTE

LOCATION
Mia's historic building and grounds are a Minneapolis landmark. As a public-facing cultural institution, Mia's physical spaces are vibrant, inspiring and welcoming to all. Its leadership team works on-site and values a proximate, collaborative and connected culture.

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Enterprise Overview

Company Profile Description of Minneapolis Institute of Art (Mia)

Company Name : Minneapolis Institute of Art (Mia)
Company Industry :
Company ID : 1825531
Company Type :
Company Profile URL :
Company Country : United States
Company City : Minneapolis / Minneapolis
State : Minnesota
Zip : 55404
Company Confidential :
Company Size :
Client ID : fei
Latitude : 44.9627
Longitude : -93.26486
Location : Minneapolis, Minnesota 55404
Formatted City State :Minneapolis, MN
Formatted City State Country : Minneapolis, MN US
Normalized Country: US
Normalized State: MN

Source Job Details :

URL Source : https://careers.financialexecutives.org/jobs/chief-financial-officer-minneapolis-minnesota-55404-134035091-d?rsite=careercast&rgroup=1&clientid=fei&widget=1&type=job&
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